Tesla’s Futuristic Cybertruck Just Hit a Big Ol’ Road Block

by Lauren Boisvert

Tesla diehards have been waiting for the Cybertruck since 2019 when it was first unveiled. They’re going to have to wait a little bit longer for the futuristic-looking truck.

Tesla CEO Elon Musk said in a shareholders meeting recently that “supply chain shortages” are causing a delay in production of the truck. He also said that the truck should reach “volume production” by 2023. Prices for the Cybertruck range from $40,000 to $70,000.

Apparently, the computer chip shortage could delay production of the Cybertruck, although Musk says they’re set to make a record number of deliveries. According to the Daily Mail, production won’t start until late 2022.

“We should be through our severest supply chain shortages in ´23,” Musk said in the meeting. “I’m optimistic that will be the case.”

According to a statement from Musk earlier in the year, each Cybertruck would “literally cost a million dollars apiece or more” if production started in 2021.

The top-of-the-line Cybertruck will cost nearly $70,000. It will reach a top speed of 130 mph, hitting 60 in 2.9 seconds. Its range between charges will be 500 miles. In comparison, the base model Cybertruck only has a range of 250 miles, and will cost nearly $40,000.

Despite the computer chip shortage, Tesla announced that it delivered 241,300 vehicles in the third 2021 quarter. Sales rose 72% in the third quarter compared to last year and has sold around 627,300 vehicles so far this year, according to the Daily Mail.

Elon Musk Moving Tesla to Texas

In the shareholders meeting on Oct. 7, along with Cybertruck news, Elon Musk shared that Tesla headquarters would be moving from Fremont, California to Austin, Texas.

In the statement, Musk said, “We will be continuing to expand our activities in California. This is not a matter of Tesla leaving California. Our intention is to actually increase output from Fremont and from Giga[factory] Nevada by 50%.”

Musk cited feeling like the company had outgrown the current space in California. He also spoke about rising housing costs that lead to longer commutes for workers. “We’re taking it as far as possible, but there’s a limit how big you can scale it in the Bay Area,” he said.

Of the opportunities in Texas, he said, “Here in Austin, our factory’s like five minutes from the airport, 15 minutes from downtown, and we’re going to create an ecological paradise here because we’re right on the Colorado River.”

In the meeting, Musk also addressed the importance of sustainable energy and what Tesla is doing to further that research. “The fundamental pillars of sustainable energy future are basically solar and wind– those are the primary– stationary batteries and electric transport,” he said, “and if you have those three, then you have a sustainable energy future as long as the sun is shining.”